iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw unusually-strong trading volume on Thursday . Approximately 1,369,378 shares were traded during trading, an increase of 257% from the previous session’s volume of 383,631 shares.The stock last traded at $26.96 and had previously closed at $26.91.

iMGP DBi Managed Futures Strategy ETF Price Performance

The company has a market capitalization of $939.97 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The company’s fifty day simple moving average is $27.23 and its two-hundred day simple moving average is $28.22.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a dividend of $0.2507 per share. The ex-dividend date of this dividend was Friday, September 27th.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DBMF. Sanctuary Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter worth $3,084,000. Empire Financial Management Company LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 1.6% during the 3rd quarter. Empire Financial Management Company LLC now owns 199,589 shares of the company’s stock worth $5,614,000 after purchasing an additional 3,132 shares during the last quarter. MML Investors Services LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 118.5% in the 3rd quarter. MML Investors Services LLC now owns 202,782 shares of the company’s stock valued at $5,704,000 after purchasing an additional 109,985 shares during the period. Stifel Financial Corp grew its holdings in iMGP DBi Managed Futures Strategy ETF by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 34,056 shares of the company’s stock valued at $958,000 after buying an additional 3,670 shares in the last quarter. Finally, Pinnacle Family Advisors LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 15.3% during the third quarter. Pinnacle Family Advisors LLC now owns 13,972 shares of the company’s stock worth $393,000 after buying an additional 1,849 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Company Profile

The iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers. DBMF was launched on May 8, 2019 and is managed by iM.